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Denmark's DSV stands by UTi bid after law firms question price

2015-10-14 09:59:13| Logistics - Topix.net

Oct 13 Danish logistics group DSV has no intention of raising its bid for U.S.-based UTi Worldwide Inc, it said on Tuesday after four law firms said they were investigating if the UTi board had agreed to sell the company too cheaply. DSV last week agreed to buy UTi at $7.10 per share in a $1.35 billion deal that would create the world's fourth-largest logistics provider, though the deal still needs to be approved by UTi shareholders.

Tags: price question law bid

Denmark's DSV to buy UTi Worldwide for $1.35 bln

2015-10-09 13:18:36| Logistics - Topix.net

Oct 9 Danish freight firm DSV said it had signed an agreement to buy U.S. based rival UTi Worldwide for $1.35 billion. DSV offered $7.10 in cash per share, which represents a premium of about 50 percent to UTi's closing price on Oct. 8, and a premium of around 34 percent to the 30-day volume-weighted average closing price.

Tags: buy worldwide uti bln

Denmarks DFDS agrees to settle dispute over MyFerryLink Calais jobs

2015-09-02 01:00:00| Ship Technology

Danish shipping company DFDS Seaways has agreed to settle its ongoing dispute with workers at ferry service MyFerryLink over possible job cuts.

Tags: jobs dispute agrees settle

Viking Life-Saving Equipment acquires Denmarks Nadiro from Maersk Group

2015-08-24 01:00:00| Ship Technology

Marine and fire safety equipment provider Viking Life-Saving Equipment has acquired Denmark-based Nadiro, a company owned by Maersk Group and SH Group.

Tags: group equipment viking acquires